The price-to-earnings ratio for Energy Recovery Inc (NASDAQ: ERII) is above average at 49.56x, Company’s 36-month beta value is 1.17.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for ERII is 56.02M, and currently, short sellers hold a 3.44% ratio of that floaft. The average trading volume of ERII on December 06, 2024 was 457.59K shares.
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ERII) stock’s latest price update
The stock price of Energy Recovery Inc (NASDAQ: ERII) has jumped by 0.66 compared to previous close of 16.40. Despite this, the company has seen a gain of 6.09% in its stock price over the last five trading days. businesswire.com reported 2024-11-18 that SAN LEANDRO, Calif.–(BUSINESS WIRE)–Energy Recovery, Inc. (Nasdaq: ERII) today announced that its Board of Directors approved a share repurchase program to purchase up to $50 million of the company’s outstanding common stock over the next 12 months, beginning in November 2024. “With our strategic plan, or Playbook, complete we now have a clear picture of the capital required to fund our growth,” said Energy Recovery’s President and CEO David Moon. “As such, we are happy to return a large port.
ERII’s Market Performance
Energy Recovery Inc (ERII) has experienced a 6.09% rise in stock performance for the past week, with a -15.78% drop in the past month, and a 11.09% rise in the past quarter. The volatility ratio for the week is 3.90%, and the volatility levels for the past 30 days are at 4.86% for ERII. The simple moving average for the past 20 days is -1.76% for ERII’s stock, with a 6.39% simple moving average for the past 200 days.
Analysts’ Opinion of ERII
Many brokerage firms have already submitted their reports for ERII stocks, with Seaport Research Partners repeating the rating for ERII by listing it as a “Buy.” The predicted price for ERII in the upcoming period, according to Seaport Research Partners is $22 based on the research report published on December 05, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see ERII reach a price target of $21. The rating they have provided for ERII stocks is “Strong Buy” according to the report published on July 09th, 2024.
B. Riley Securities gave a rating of “Buy” to ERII, setting the target price at $28 in the report published on November 17th of the previous year.
ERII Trading at -6.18% from the 50-Day Moving Average
After a stumble in the market that brought ERII to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.56% of loss for the given period.
Volatility was left at 4.86%, however, over the last 30 days, the volatility rate increased by 3.90%, as shares sank -16.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.21% lower at present.
During the last 5 trading sessions, ERII rose by +6.68%, which changed the moving average for the period of 200-days by +9.86% in comparison to the 20-day moving average, which settled at $16.81. In addition, Energy Recovery Inc saw -12.38% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ERII starting from Clemente Rodney, who sale 19,618 shares at the price of $20.00 back on Nov 07 ’24. After this action, Clemente Rodney now owns 114,205 shares of Energy Recovery Inc, valued at $392,360 using the latest closing price.
Clemente Rodney, the SVP, Water of Energy Recovery Inc, sale 4,207 shares at $20.06 during a trade that took place back on Nov 11 ’24, which means that Clemente Rodney is holding 106,367 shares at $84,392 based on the most recent closing price.
Stock Fundamentals for ERII
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.66 for the gross margin
The net margin for Energy Recovery Inc stands at 0.14. The total capital return value is set at 0.06. Equity return is now at value 9.06, with 7.99 for asset returns.
Based on Energy Recovery Inc (ERII), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 12.91. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 22.44.
Currently, EBITDA for the company is 24.8 million with net debt to EBITDA at -2.37. When we switch over and look at the enterprise to sales, we see a ratio of 6.74. The receivables turnover for the company is 4.24for trailing twelve months and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.06.
Conclusion
In a nutshell, Energy Recovery Inc (ERII) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
